Tanalys

USD/CAD intraday: bullish bias above 1.02.

Pivot: 1.02

Our preference: Long positions above 1.02 with targets @ 1.0325 1.0355 in extension.

Alternative scenario: Below 1.02 look for further downside with 1.0145 1.01 as targets.

Comment: the RSI is bullish and calls for further advance.

Key levels

1.039

1.0355

1.0325

1.02757 last

1.02

1.0145

1.01

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